On (ONON) vs Steven Madden (SHOO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Steven Madden (SHOO) has outperformed On (ONON) over the past year, gaining 34.2% versus a loss of 22.0%. Over five years, ONON leads with a +14.5% price change compared with +4.2% for SHOO. On is the larger company by market cap ($11.38 billion vs $3.23 billion), about 3.5 times the size.
On valuation, Steven Madden trades at a lower forward P/E (15.9x vs 16.6x for On). Steven Madden pays a dividend yielding 1.90%, while On does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ONON | SHOO |
|---|---|---|
| Share price | $34.04 | $44.20 |
| Market cap | $11.38B | $3.23B |
| 1-day change | +2.47% | -0.90% |
| YTD return | -26.76% | +7.11% |
| 1-year return | -21.96% | +34.22% |
| 5-year return | +14.54% | +4.16% |
| P/E ratio (TTM) | 22.69 | 22.10 |
| Forward P/E | 16.60 | 15.91 |
| EPS (TTM) | $1.50 | $2.00 |
| Dividend yield | 0.00% | 1.90% |
| Annual dividend | $0.00 | $0.84 |
| Revenue (latest FY) | — | $2.53B |
| Revenue growth (YoY) | — | +11.00% |
| Net income (latest FY) | — | $49.02M |
| Gross margin | — | 41.41% |
| Operating margin | — | 3.19% |
| Net margin | — | 1.93% |
| 52-week high | $51.08 | $49.70 |
| 52-week low | $26.37 | $31.33 |
| Distance from 52-week high | -33.36% | -11.07% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +27.38% | +18.55% |
| Average volume | 8.87M | 1.03M |
| Shares outstanding | 301.72M | 73.18M |
| Employees | 3,963 | 4,200 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Shoe Manufacturing | Shoe Manufacturing |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- On is about 3.5 times larger than Steven Madden by market value ($11.38B vs $3.23B).
- SHOO has outperformed ONON by 56.2 percentage points over the past year.
- Steven Madden offers a meaningfully higher dividend yield (1.90% vs 0.00%).
About On
ONON stock →On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers.
Consumer Discretionary · Shoe Manufacturing · 3,963 employees
About Steven Madden
SHOO stock →Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally.
Consumer Discretionary · Shoe Manufacturing · 4,200 employees
ONON vs SHOO FAQ
Which is bigger, On or Steven Madden?
On (ONON) is larger, with a market capitalization of $11.38B compared with $3.23B for Steven Madden (SHOO).
Which stock has performed better over the past year, ONON or SHOO?
SHOO returned +34.22% over the past 12 months, compared with -21.96% for ONON (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ONON or SHOO?
SHOO has the lower trailing P/E at 22.1, versus 22.7 for ONON. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, On or Steven Madden?
Steven Madden pays a dividend yielding 1.90%, while On does not currently pay a regular dividend.
Are On and Steven Madden in the same industry?
Yes. Both are classified in the Shoe Manufacturing industry within the Consumer Discretionary sector.